Answer:
According to utility analysis, the consumer will be in equilibrium when he is spending money on goods in such a way that the marginal utility of each good is proportional to its price. Let us assume that, in his equilibrium position, consumer is buying q1 quantity of a good X at a price P1.
Explanation:
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In order to cancel her contract, Tara would have to pay what is commonly called an Early Termination Fee (ETF). This fee is called a penalty and falls under a the larger category of contract penalties and may also be called a financial penalty or consequence. There is much debate over the legality of the issues when it relates to cellphones.
Answer:
A. Estimate the apartment rental demand curve assuming that it is linear and that price is expressed as a function of output.
the demand curve's slope = -10 / 1 = -10
demand curve = a - 10b
since all 100 units will be rented when p = $900
900 = a - 10(100)
900 = a - 1,000
1,900 = a
demand curve = 1,900 - 10b
B. Calculate the revenue-maximizing apartment rental rate. How much are these maximum revenues
we must first fin total revenue and then find hte derivative
total revenue = p x a
total revenue = (1,900 - 10a) x a
total revenue = 1,900a - 10a²
revenue maximizing quantity' = 1,900 - 20a
20a = 1,900
a = 95 apartments rented
price = 1,900 - (95 x 10) = $950
total revenue = $950 x 95 = $90,250
Answer:
Answer is Nap.
Explanation:
The surface of the fabric that is used to pluck yarn from fabric is called nap. The process is called napping, in which the fibres are teased and then the soft fur-like surface is created. This process is mostly used yarning of blankets and woollen fabrics.
The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.
The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.
The revolution brought about an explosive economic growth and new personal wealth in the country.
The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.
Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.
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